Answer:
It remained steady throughout his term.
Answer:
Increased Inflation.,
Cutting interest rates isn’t guaranteed to cause a strong economic recovery. Expansionary monetary policy may fail under certain conditions.
If confidence is very low, then people may not want to invest or spend, despite lower interest rates.
In a credit crunch, banks may not have funds to lend, therefore although the Central Bank cuts base rates, it is still difficult to get a loan from a bank.
Commercial banks may not pass the base rate cut on.
According to my point of view, the main purpose of government is to establish a secure system to maintain liberty and livelihood, make sure people are getting enough money to liver better and above poverty line.
Because, if people are secure and have liberty but government is not doing anything about that. people are not survive and it will lead to disruption.
Could I have more details about the paragraph????
